To maximize the value gained from putting financial analytics in the hands of this new, wider audience with a common planning platform or from further integrating their FPM solutions, finance departments are challenged to manage and support these new tools and capabilities for numerous divisions, regions and functions and make sure that they work together. Processes that may have been in place to manage spreadsheet sharing and review, and other manual processes are no longer sufficient. Developing an enterprise-wide initiative with standard technologies and processes that enable the extension of current implementations is critical. And a Finance Center of Excellence (FCOE) can provide the reusable knowledge, disciplines and best practices to make these financial performance management initiatives possible.
This paper will help you understand the value of an FCOE and show you how one might work in your organization.
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